Without debt relief, it will probably be (hyper) inflation
June 28th, 2011
Too much credit and money for years to provide low interest rates has caused the international credit crisis. From mid 1997 until second quarter of 2010, the U.S. national income rose in real terms by nearly 33 percent, while bank loans rose by 139 percent and the M2 money supply increased by 117 percent. Readmore…